Today Gold Rate in Pakistan

• Today at the moment, gold rate in Pakistan is Rs:192,000/tola as rearmost streamlined price on 16 Feb,2023.

Latest Gold Price in Pakistan:

• The dimension of tola varies in different countries.
  currently, Gold rate in Pakistan one tola is equal to 11.664 grams. Factors Driving the Change in the Gold Rate in Paksitan
  Today Gold rate in Pakistan change for colorful reasons, some of which are related to profitable, fiscal and geopolitical conditions.
  profitable query and affectation prospects can drive up the demand for gold as a safe-haven asset, as well as a barricade against affectation.
• Low interest rates can also make gold more seductive to investors, as it reduces the occasion cost of holding the precious essence. also,
  changes in the value of major currencies, similar as the US bills, can impact the price of gold, since it's frequently traded in US bills.
  The balance of force and demand in the request also plays a pivotal part in determining the price of gold.

• Demand & Supply Rule:
• When demand for gold increases and force remains constant, the Gold price is likely to rise.
  It's important to keep in mind that these are just some of the factors that can affect the gold rates,
  and that the gold request is told by a variety of other factors as well. This is the reason that moment
  Gold price in Pakistan has reached Rs.193,000 per tola.

Gold In Pakistan:

• 24K Gold Rate in Pakistan has crossed the 190K Barrier with an all time altitude of Rs:215,000 per tola.
  currently Gold price is trading at Rs.192,000 of 1 tola on 16 Feb, 2023.

Factors Driving the Fluctuation in the Gold Rate in Paksitan:

• The Gold is extensively used in Pakistan.
  numerous women in Pakistan is likely to used gold as their accessories while other will used it as a feasible
  source of investment. still, if we had talked about Gold Price so the price of gold is accumulated in London
  Bullion Market and occasionally by IMF, they had the sole authority to set the gold norms and its price.
  however, the rate of gold isn't fixed and it's shifting from time to time because several factors depend upon it.
• In Pakistan the Gold Rate in Pakistan is always at advanced position because Pakistani Rupees is always considered as low currency
  as compared with other world currencies.Likewise, if we look at Gold Price Pakistan History so Pakistan has no-way stable rate and
  the fact is so unconscious Pakistan has faced serious profitable extremity and ramify affectation. Gold Price Factors Presently will
  impact on the gold rate moment in Pakistan and other global requests due to following factors.
  
  • When encyclopedically the demand of Gold is high, the price will eventually Increase.
  • When the availability of gold is short, because central banks keeps it reserves, than price of gold will also Increase.
  • When the interest rate is increased, the gold rate also increase.
  • When US ($) is up the gold rate is also over, as they're nearly Linked with each other.